Is Mark W Leinone And Patrica S Leinonen Charitable Foundation Legit?
Quick charity verification for Mark W Leinone And Patrica S Leinonen Charitable Foundation (EIN: 201768092)
Verdict: Mark W Leinone And Patrica S Leinonen Charitable Foundation shows mixed signals
65/100Mission Score
$2KRevenue
$37KAssets
2Red Flags
2Strengths
Red Flags
Consistent decline in assets over the past decade, indicating expenses frequently exceed revenue.
Expenses significantly outpace revenue in recent years (e.g., 2023 expenses $7,526 vs. revenue $2,552; 2022 expenses $12,086 vs. revenue $1,801).
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds for charitable purposes.
Minimal liabilities reported, suggesting a stable and uncomplicated financial structure.
Spending Breakdown
How Mark W Leinone And Patrica S Leinonen Charitable Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Mark W Leinone And Patrica S Leinonen Charitable Foundation
Is Mark W Leinone And Patrica S Leinonen Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mark W Leinone And Patrica S Leinonen Charitable Foundation (EIN: 201768092) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
Is Mark W Leinone And Patrica S Leinonen Charitable Foundation a good charity to donate to?
Mark W Leinone And Patrica S Leinonen Charitable Foundation has a Mission Score of 65/100. Revenue: $2K. Assets: $37K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mark W Leinone And Patrica S Leinonen Charitable Foundation?
The Employer Identification Number (EIN) for Mark W Leinone And Patrica S Leinonen Charitable Foundation is 201768092. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Mark W Leinone And Patrica S Leinonen Charitable Foundation spend its money?
Mark W Leinone And Patrica S Leinonen Charitable Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mark W Leinone And Patrica S Leinonen Charitable Foundation's tax-exempt status?
You can verify Mark W Leinone And Patrica S Leinonen Charitable Foundation's tax-exempt status using EIN 201768092 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Mark W Leinone And Patrica S Leinonen Charitable Foundation appears to be a small, family-run private foundation. Its financial health shows a consistent decline in assets over the past decade, from $148,102 in 2011 to $41,755 in 2023. This trend suggests that the foundation is distributing more than it receives in revenue, drawing down its principal. For example, in 2023, revenue was $2,552 while expenses were $7,526, and in 2022, revenue was $1,801 against expenses of $12,086.
Spending efficiency is difficult to fully assess without a detailed breakdown of program service expenses versus administrative costs, which are not explicitly separated in the provided summary. However, given the nature of a private foundation, a significant portion of expenses would typically be grants to other organizations. The consistent reporting of $0 in officer compensation indicates good stewardship regarding executive pay, as no salaries are being drawn from the foundation's funds.
Transparency is generally good for a private foundation, as it files the required IRS Form 990-PF. The consistent reporting of minimal liabilities (often $1 or $0) suggests a straightforward financial structure. However, the lack of detailed program descriptions in the summary makes it challenging to fully understand the impact of its distributions.